Aluminum Corporation of China (Chalco), a unit of Chinalco, announced it will acquire additional shares in Yunlv Yongxin, Yunlv Runxin, and Yunlv Hongxin from its sister firm Yunnan Metallurgical through cash deals.
The firm will pay CNY 1.45 billion for a 28.7% stake in Yunlv Yongxin, CNY 787.7 million for a 27.3% stake in Yunlv Runxin, and CNY 28.2 million for a 30% stake in Yunlv Hongxin. Upon completion, Chalco will hold 96.1% of Yunlv Yongxin, 97.5% of Yunlv Runxin, and full ownership of Yunlv Hongxin.
These acquisitions will be executed via its subsidiary, Yunnan Aluminum. All entities involved are part of the state-owned Chinalco.